15 Jul 2012

Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of May, 2012 (Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of May 2012 have beenreleased by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received form 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of TextileCommissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller;Railway Board; Office of Salt Commissioner and Coffee Board.

2. The General Index for the month of May 2012 stands at 170.2, which is 2.4% higher as compared to the level in the month of May 2011. The cumulative growth for the period April-May 2012-13 stands at 0.8% over the correspondingperiod of the previous year.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2012stand at 129.7, 178.9 and 162.3 respectively, with the corresponding growth rates of  (-)0.9%,         2.5% and 5.9% as compared to May 2011 (Statement I). The cumulative growth in the three sectors during April-May 2012-13 over the corresponding period of 2011-12 has been (-) 2.0%, 0.6% and 5.2% respectively.

4. In terms of industries, twelve (12) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in themanufacturing sector have shown positive growth during the month of May 2012 as compared to the correspondingmonth of the previous year (Statement II). The industry group ‘Radio, TV and Communication Equipment andApparatus’ has shown the highest growth of 16.4%, followed by 13.7% in ‘Machinery and Equipment n.e.c.’ and 12.6% in ‘Fabricated metal products, except machinery and equipment’. On the other hand, the industry group ‘ElectricMachinery and apparatus n.e.c.’ has shown a negative growth of 28.6% followed by 14.9% in ‘Furniture; Manufacturing n.e.c.’ and 6.8% in ‘Wearing appareldressing and dyeing of fur’.

5. As per Use-based classification, the growth rates in May 2012 over May 2011 are 4.1% in Basic goods, (-) 7.7% in Capital goods and   2.7% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 9.3% and 0.1% respectively, with the overall growth in Consumer goods being 4.3%.

6. Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Telephone Instruments including Mobile Phone & Accessories’ (22.8%), ‘Air Conditioner (Room)’ (30.0%), ‘Carbon Steel’ (23.5%), ‘Plastic Machinery including Moulding Machinery’ (49.6%), ‘Conductor, Aluminium’ (58.1%), ‘CR Sheets’ (30.1%), ‘Steel Structures’ (28.5%), ‘Boilers’ (28.8%), ‘Purified Terephthalic Acid’ (23.3%) and ‘Aerated Water &Soft Drinks’ (25.1%).

7. Some of the other important items showing high negative growth are: ‘Cable, Rubber Insulated’ [(-) 66.6%], ‘Gems and Jewellery’ [(-) 23.4%], ‘Sugar’ [(-) 49.8%], ‘Vitamins’ [(-) 62.2%], ‘Furnace Oil’ [(-) 30.6%], ‘Colour TV Sets’ [(-) 25.9%], , ‘Colour TV Picture Tubes’ [(-) 87.6%], ‘Di Ammonium Phosphate (DAP)’ [(-) 46.9%], ‘Edible Hydrogenated Oil’ [(-) 42.7%], ‘Complex Grade Fertilizers’ [(-) 46.7%] and ‘Textile Machinery’ [(-) 30.5%].

8. Along with the Q.E. of IIP for the month of May 2012, the indices for April 2012 have undergone the first revision andthose for February 2012 have undergone the final revision in the light of the updated data received from the sourceagencies. It may be noted that these revised indices (first revision) in respect of April 2012 shall undergo final (second) revision along with the release of IIP for the month of July 2012.

9. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of NationalIndustrial Classification (NIC-2004) and by Use-based classification for the month of May 2012, along with the growthrates over the corresponding month of previous yearincluding the cumulative indices and growth rates, are enclosed.

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